Prospect Fee definition

Prospect Fee means the sum of Two Hundred Fifty Thousand Dollars ($250,000.00), payable to XXX or its designee. In the absence of an express agreement in writing to the contrary, the Prospect Fee is not subject to proportionate reduction and is non-refundable.
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Prospect Fee means an amount of $91,000 for each of the Required Xxxxx.
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Examples of Prospect Fee in a sentence

  • Upon Participant paying the Prospect Fee, together with its share of the costs for the drilling, completion and equipping, or the plugging and abandonment of an Obligation Well, Participant shall be assigned an undivided interest in and to the Existing Leases equal to Participant’s Interest of PetroShare’s interest in the Existing Leases as to the unit for such Obligation Well, and as to all depths.

  • Participant shall pay an aggregate prospect fee to PetroShare upon the execution of this Agreement equal to the sum of Seventy Five Thousand Dollars ($75,000) ("Prospect Fee").

  • Upon Participant paying the Prospect Fee, together with its share of the costs for the drilling, completion and equipping, or the plugging and abandonment of an Obligation Well, Participant shall be assigned an undivided interest in and to the Leases equal to Participant's Interest of PetroShare's interest in the Existing Leases as to the unit for such Obligation Well, and as to all depths from the surface to the deepest depth drilled in the Obligation Well.

  • Upon Participant paying the Prospect Fee and its share of the costs for the drilling, completion and equipping, or the plugging and abandonment of the Obligation Xxxxx, Participant shall also be assigned an undivided interest in the Existing Leases that are not included in the units for the Obligation Xxxxx.

  • At such time as the value of 100% of the gross income received by the Participants from the sale of production from the Dolphin Prospect (less existing burdens, including the ORRI described in Paragraph 4 above, and production and severance taxes allocable thereto) equals 100% of (i) all lease acquisition, lease maintenance costs, and the Prospect Fee described in Paragraph 2 above.

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  • Transferor hereby represents and warrants that the Prospect Fee is the amount originally paid by Transferor to the Exploration Companies under the Dolphin Participation Agreement.

  • Within ten (10) Business Days following the delivery of the AFE for the First Required Well to LJM, LJM shall pay Range the balance of its seventy percent (70%) share of the AFE Dry Hole Amount and the Prospect Fee for the First Required Well (the “Second AFE Payment”) .

  • Within seven (7) days of execution of this Participation Agreement Ridgewood will pay to Devon a Prospect Fee of $750,000, proportionately reduced to Ridgewood's earned interest.

  • LJM agrees for the First Required Well to pay (1) the Prospect Fee, (2) seventy percent (70%) of the total cost of drilling and completing the First Required Well, and (3) forty-three and seventy-five hundredths percent (43.75%) of the cost equipping the First Required Well, whether or not such costs are identified in the AFE or included in the AFE Amount.

Related to Prospect Fee

  • Contract Fee means the price, fee, rent, or royalty payable in a contract under this chapter or

  • Target fee, as used in this contract, means the fee initially negotiated on the assumption that this contract would be performed for a cost equal to the estimated cost initially negotiated, adjusted in accordance with paragraph (d) of this clause.

  • Development Fee means a fee for the packaging of a Property, including negotiating and approving plans, and undertaking to assist in obtaining zoning and necessary variances and necessary financing for the Property, either initially or at a later date.

  • Impact fee means a payment of money imposed under Title 11, Chapter 36a, Impact Fees Act.

  • Acquisition Fee means any and all fees and commissions, exclusive of Acquisition Expenses, paid by any Person to any other Person (including any fees or commissions paid by or to any Affiliate of the Company or the Advisor) in connection with making or investing in Mortgages or the purchase, development or construction of a Property, including real estate commissions, selection fees, Development Fees, Construction Fees, nonrecurring management fees, loan fees, points or any other fees of a similar nature. Excluded shall be Development Fees and Construction Fees paid to any Person not affiliated with the Sponsor in connection with the actual development and construction of a project.

  • Connection Fee means a fee charged by a local entity to pay for the costs of

  • Royalty Fee “Royalty Fee” means a royalty fee in the amount of $0.00 of Actual Production payable by BC Hydro to the Province for each year of the Term in accordance with Article 6 of the Master Agreement.

  • Inspection Fee means a fee payable to Lender or Loan Servicer for performing any inspection required by this Agreement in an amount not to exceed $500.00 per inspection.

  • Reservation Fee means the fee set forth in the applicable Program Guide, relating to the aggregate principal amount of the particular Mortgage Loans which the Participant has committed to originate and sell to the Servicer (which is not applicable to MCC stand-alone product) pursuant to a Reservation Request, payable contemporaneously with the submission of the corresponding application package, all in accordance with the procedures set forth in the applicable Program Guide.

  • Impact Fees means those fees imposed so that developments bear a proportionate share of the cost of public facilities and service improvements that are reasonably related to the impacts and burdens of the Project, adopted pursuant to Morgan Hill Municipal Code Chapter 3.56 and California Government Code Section 66001 et seq.

  • Tuition Fee means the basic tuition fee applicable to specific programmes and shall include auxiliary fees which are for required instruction but shall exclude any other fees such as international student differential fees, co-op fees, and student union fees.

  • Option Fee means an amount equal to 7% of the Specified Amount;

  • Origination Fee means any origination fee payable to the Department by the lender with respect to any Trust Student Loan.

  • Transaction Fee means the fee, in respect of a Sub-Fund, which may be charged for the benefit of the Trustee, the Registrar and/or the Service Agent or the Conversion Agent (as the case may be) to each Participating Dealer on each Dealing Day upon which an Application has been or Applications have been made by the relevant Participating Dealer.

  • Work-out Fee means a fee payable with respect to any Rehabilitated Mortgage Loan (other than any Non-Serviced Mortgage Loan), Serviced Companion Mortgage Loan or B Note, equal to the product of (x) 1.0% and (y) the amount of each collection of interest (other than default interest and any Excess Interest) and principal received (including any Condemnation Proceeds received and applied as a collection of such interest and principal) on such Mortgage Loan, Serviced Companion Mortgage Loan or B Note for so long as it remains a Rehabilitated Mortgage Loan.

  • Processing Fee means in relation to a Transaction Summary delivered:

  • Participation Fee means the amount payable by the Participant to the Council for the right to participate in the Hong Kong Pavilion at the Exhibition, as specified in Section I of the Application Form.

  • Development Fees means fees imposed to offset capital costs of providing public infrastructure, public safety or other public services to a development and authorized pursuant to A.R.S. Section 9-463.05, A.R.S. Section 11-1102 or A.R.S. Title 48 regardless of the jurisdiction to which the fees are paid.

  • Disposition Fee shall have the meaning set forth in Section 8.03.

  • Upfront Fee has the meaning specified in Section 2.07 hereof.

  • Introduction Fee means the fee payable by the Client to the Agency for an Introduction resulting in an Engagement;

  • Management Fee shall have the meaning set forth in Section 10(a).

  • Initiation fee means a fee charged by us to you in order to create a credit facility for you;

  • Placement Fee has the meaning given thereto in Section 2(a) hereof;

  • Utilization Fee shall have the meaning assigned to such term in Section 2.06(b).

  • L/C Participation Fee shall have the meaning assigned to such term in Section 2.05(c).